150 Landings Drive

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150 Landings Drive

Frankfort, KY 40601
Asking Price
$1.15M
Asset Type
Multifamily
Class
Class B

What's Special

Three turnkey multi-family four-plexes <p>$1,150,000 list price | $95,833/unit | $128/SF</p><p>Three side-by-side 4-plex buildings, 12 units (150, 154, and 160 Landings Drive)</p><p>All 2BR/1BA units, 750 SF each | ~9,000 SF total</p><p>100% Occupied</p><p>In-place rents: Avg $909/unit | Recent leases as high as $998/unit</p><p>Fully renovated in 2020</p><p>7.25% Year 1 Cap Rate at list</p><p>Investor opportunity: turnkey stabilized small-MF with minimal near-term capex</p><p>1031 opportunity: clean replacement asset</p><p>Year built

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NOI
$80,000
Cap Rate
6.96%
DSCR
1.17
Tight
Cash-on-Cash
3.40%
Monthly Payment
$5,689.573
Annual Cash Flow
$11,725.13

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